Newmont tops profit estimates on higher gold prices
Newmont (NYSE: NEM, TSX: NGT) said on July 29 that higher gold prices helped generate significant free cash flow in the second quarter of 2020. The world’s largest gold miner’s…
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Denison wins arbitration ruling on Mongolian asset sale
The London Court of International Arbitration (LCIA) has recently rendered a final award in favour of Canadian uranium miner Denison Mines (TSX: DML) for the previously disclosed arbitration proceedings between the company and Czech-based…
Agnico Eagle profits soar in the second quarter
Agnico Eagle Mines (NYSE, TSX: AEM) reported on July 29 a near four-fold increase in quarterly profit, owing to a surge in gold prices and a reduction in exploration costs…
Vale enacts emergency protocol at Barragem 5 dam in Brazil
Vale (NYSE: Vale) announced on July 29 that it started, on a preventive basis, the Level 1 emergency protocol for Barragem 5 dam, at Mina da Mutuca, Nova Lima, in the…
Cameco loses $65M in Q2
Cameco (TSX: CCO; NYSE: CCJ) is planning to restart its Cigar Lake mine in northern Saskatchewan in early September, the Canadian uranium major announced. The restart of the mine, which…
Harte Gold reopens Sugar Zone mine
Harte Gold’s (TSX: HRT) Sugar Zone mine is back up and running, following a temporary shutdown at the end of March due to the Covid-19 pandemic. According to the company, longhole…
Gold price steadies after record-breaking run
Gold prices held steady after a record-breaking rally that saw the spot price hitting new highs and futures touching US$2,000 per oz. for the first time. Spot gold continued its…
Nighthawk adds to resource estimates at Indin Lake
Nighthawk Gold (TSX: NHK; US-OTC: NIMZF) has released an updated resource estimate for its Colomac gold deposits as well as a maiden underground resource for the Damoti deposit, 28 km…
US Mint limits gold, silver coin sales
The U.S. Mint has reduced the supply of gold and silver coins to third-party distributors as the coronavirus pandemic slows down the production of coin currency. The Mint’s New York-based…
Rio Tinto sees promise at Winu copper-gold project in Australia
Rio Tinto (NYSE: RIO; LSE: RIO) says it has made a “promising” discovery in Western Australia, 2 km east of its Winu copper-gold project, which is on track to begin…
ETFs drive gold price in Q2 as physical demand falls: Refinitiv
As the gold price breaks through US$1,900 per oz., Refinitiv has released its review of the gold sector in the second quarter, providing insight into where the demand is coming…
Golden Star sells stake in Bogoso-Prestea gold mine
Golden Star Resources (TSX: GSC; NYSE-AM: GSS) has announced it will sell its 90% stake in the Bogoso-Prestea gold mine in southwestern Ghana to Future Global Resources for US$55 million…